Covering: This market research report presents a detailed segmentation of the global polyarylsulfone market by type (PSU, PEI, PESU, and PPSU) and by application (medical, automobile, electrical and electronics, and mechanical engineering). It provides a market share analysis of its key regions, including APAC, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as BASF, Evonik, SABIC Innovative Plastics, Solvay Chemical, Sumitomo Chemicals, and Quadrant.
Market analysis of polyarylsulfone
Technavio’s market research analyst predicts the polyarylsulfone market to grow at a CAGR of around 6% during the forecast period. The increased demand for high-performance thermoplastics from the medical and automotive sectors is driving the growth of this market. PPSU is mainly used in the medical sector as it is X-ray impermeable, resistant to cleaning agents, disinfectants, and different solvents, and has a low water absorption. The increased usage of polyarylsulfone in the aircraft industry is also anticipated to contribute to the market growth during the forecast period. Polyarylsulfones are preferred over metals and alloys for manufacturing high-thermoplastic materials that can withstand higher temperatures and are also lighter in weight compared to metals and alloys. This helps in reducing fuel burn and emissions and increasing the overall energy efficiency of aircraft. For instance, GE Aviation is the leading player in the usage of polyarylsulfones for making aircraft parts for aviation industry vendors including Airbus and Boeing. Segmentation by type and analysis of - PSU, PEI, PESU, PPSUPSU accounted for 36% of the market share during 2014 and is anticipated to grow at a CAGR of 65 during the forecast period. The increasing usage of PSU in the electrical and electronics market is driving the growth of this segment. PSU helps to reduce the tendency and high dimensional stability of plastic, due to which it is extensively used in latches for circuit breakers.The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Segmentation by application and analysis of - medical, automobile, mechanical engineeringMedical technology dominated the market during 2014 with a market share of 24%. This research report predicts this segment to grow at a CAGR of 7% during the forecast period. Polyarylsulfone filaments and films like polyethersulfone (PESU) and polysulfone (PSU) membranes are used in micro and ultrafiltration, which play a vital role in medicine treatment sectors. The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Household and food technology
Electrical and electronics
Geographical segmentation and analysis of the polyarylsulfone market
North America accounted for 35% of the market share during 2014 and is predicted to retain its leadership until the end of 2019 with a growth rate of 6%. The US is the largest consumer of polyarylsulfones in this region. The rising demand from medical and aviation industries is driving the market growth in this region.Competitive landscape and key vendors - BASF, Evonik, Quadrant, Solvay, Sumitomo, SABICThe polyarylsulfone market is moderately fragmented with a handful of suppliers. These players have a vast geographical presence with massive production facilities located worldwide. Providers in this market compete on the basis of price, innovation, quality and performance, and support services.The leading vendors in the market are -
SABIC Innovative Plastics
Other vendors in the market include Ensinger, Nytef Plastics, and Rochling Engineering Plastics.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the polyarylsulfone market?
What are the key market trends impacting the growth of the polyarylsulfone market?
What are the challenges to market growth?
Who are the key vendors in the polyarylsulfone market?
What are the market opportunities and threats faced by the vendors in the polyarylsulfone market?
Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
What are the key outcomes of the five forces analysis of the polyarylsulfone market?
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report – Global Polyarylsulfone Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Polyarylsulfone Market: BASF, Evonik, SABIC Innovative Plastics, Solvay Chemical, Sumitomo Chemicals, and Quadrant.
Other Prominent Vendors in the market are: Ensinger, Nytef Plastics, and Rochling Engineering Plastics.
Commenting on the report, an analyst from Technavio’s team said: “Rising environmental concerns and an increased need for performance along with growing end-user markets are urging polyarylsulfone thermoplastics manufacturers to adopt new technologies.”
According to the report, the major vendors in the market are constantly trying to innovate and restructure their product portfolio in an attempt to distinguish their products from those of their competitors.
Further, the report states that An increase in the cost of feedstock used in the production of high-performance thermoplastics is a major challenge for the global polyarylsulfone market.